MyCard fee and points changes from 1 October 2026

[3v]

MyCard has upcoming fee and points changes for applications started on or after 1 October 2026.

The Simplicity changes from $0 to $49 per annum, and MyCard Rewards from $199 to $249 per annum. No fee changes for MyCard Premier or MyCard Premier Qantas but there are points changes.

The earn rate on MyCard Premier Qantas moves to 0.5 points per dollar of domestic or international spend with a $7,000 spending cap per statement period.

MyCard Premier Qantas is currently 1 point for online or international spend and 0.5 points for all other transactions with a 100,000 points cap per 12 month period.

For MyCard Premier, the earn rates have changed with the online spend category is replaced by spend on travel related expenditure, and a slightly higher domestic spend earn rate.

The Qantas Money cards website now has the following statement: Fees, charges and earn rates (if applicable) are subject to change from 1 October 2026. If we make changes, these will be communicated in accordance with our terms & conditions.

 

[MELso]

The non-Qantas Premier card also sees a reduction in earn rate. I was contemplating switching to earning Qantas points, but will stick to Velocity now.

Earn rate until 30 September 2026​

Spend type	Number of Points	Spend Eligibility
International Spend	2 Points	on Eligible Transactions made overseas or online with a merchant that is based overseas.
Online Spend	2 Points	on Eligible Transactions made online.
Domestic Spend	1 Point	on all other Eligible Transactions.

MyCard Reward Points are capped at 200,000 per 12-month period when you use your MyCard Premier Credit Card on Eligible Transactions on Online Spend, International Spend and Domestic Spend.

Earn rate from 1 October 2026​

Spend type	Number of Points	Spend Eligibility
International Spend	2 Points	on Eligible Transactions made overseas or online with a merchant that is based overseas.
Domestic Spend	2 Points	on Eligible Transactions on travel, being transactions booked directly with an airline, hotel, taxi, rideshare and cruise liner.
Domestic Spend	1.5 Points	on all other Eligible Transactions.